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Topic: Trading with profitability - page 2. (Read 534 times)

hero member
Activity: 1148
Merit: 518
March 05, 2023, 08:48:31 PM
#49
There's no guarantee thing on trading but with a higher capital, The chance of getting you big profits is much easier and attainable compared to those who has small capital thus the money you are risking is also high. Having a good consistency is one of the thing that you need to have if you are aiming to make trading a substitute to your daily job. Though for me it's hard to achieve given that the market is so volatile and I'm not really comfortable in doing short trades.
Unlike to small accounts with modest lotsizes, which usually result in liquidation, higher capital yields significant gains. Particularly when the market is volatile, we should manage our trading accounts and know what to do and the things to permanently remove from our minds. Our primary goal is to hold positions in trading that generate enormous profits. There is unquestionably only happiness when a trade reaches our target price for the day. Some traders will close their accounts for the day right away, while others will try to enter another set of trades despite the fact that there is an 80% chance that they will result in losses.
legendary
Activity: 2492
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March 05, 2023, 06:50:05 PM
#48
$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.
This could be more ideal and realistic because in trading, having a huge capital doesn’t guarantee any big profits sometimes you have to set your goal lower so you can achieve it. Try to start from this level and you’ll realize that all you need to do is to be more consistent and compute that for a month you might probably earn more compare to your capital. Trading is for a wise trader who don’t get too emotional with their trades, it should be purely based on your own analysis.
There's no guarantee thing on trading but with a higher capital, The chance of getting you big profits is much easier and attainable compared to those who has small capital thus the money you are risking is also high. Having a good consistency is one of the thing that you need to have if you are aiming to make trading a substitute to your daily job. Though for me it's hard to achieve given that the market is so volatile and I'm not really comfortable in doing short trades.
full member
Activity: 1303
Merit: 128
March 05, 2023, 05:55:03 PM
#47
$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.
This could be more ideal and realistic because in trading, having a huge capital doesn’t guarantee any big profits sometimes you have to set your goal lower so you can achieve it. Try to start from this level and you’ll realize that all you need to do is to be more consistent and compute that for a month you might probably earn more compare to your capital. Trading is for a wise trader who don’t get too emotional with their trades, it should be purely based on your own analysis.
hero member
Activity: 2114
Merit: 619
March 05, 2023, 04:27:08 PM
#46
One of the mistakes traders do make which I have made in the past is to be looking for a better profit. A good example is when having $1000, looking for a way to make $100 or more daily. That would be when leveraging it will come to mind, but leveraging is one of the reasons some traders find it that they are continuing losing.

As an experienced day trader, or a scalper, if you have $1000, what profit will you be looking for? Also what amount is your stop loss? What leverage would you prefer to use?

Recently I find it more profitable to earn just $5 daily either through scalping or scalp trading that is turned into day trading. I am not using altcoins for this but bitcoin.

If you are a day trader and you are using bitcoin to trade, if you have $1000, how much profit are you expecting daily? You may not use $1000, you can use percentage and I will understand what you meant too.
If I am a trader with $1000 capital the profit that I'll be expecting in a month will be around 20-30% on my overall capital which means a profit of around 200-300$ per month. For this if you breakdown daily profit should be around 8-10$ per day but the problem is that all days are not consistent as you might lose money on a few days and make more on a few so better to take monthly targets. But yes try to achieve them by staying by your rules don't overtrade just to meet the target as it can backfire pretty easily.
hero member
Activity: 3066
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March 05, 2023, 03:29:19 PM
#45
$5 - $10 with a capital of $1000 on a daily basis is already good enough for me. The risk is too low and I don't have to make a lot if I do day trading.
I have seen folks that do trade with such huge capital and then try to achieve more than the capital and that's the riskier thing to do.
But as someone who wants to take lesser risk, I'll just take the easy way of not expecting a lot and not trying hard for me to have a simple and easier goal as I day trade.
legendary
Activity: 2884
Merit: 1117
March 05, 2023, 01:18:15 PM
#44
I think everyone has different approach and they may do something with it. But mine is basically just understanding that it's not going to be a simple thing so I try to avoid thinking in simple terms as well. It's not really a solution to just focus on what you can trade and how you can trade, but it is important to realize if you can trade or even if you should even trade or not.

Because there are times when trading is riskier than others, and investment is better during those periods, when you calculate ALL these together, it turns out that it's not an easy thing to make a profit, many people jump into trading without considering half of these at least.
copper member
Activity: 2156
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March 03, 2023, 07:17:09 PM
#43
I prefer not to use leverage at all, but if you consider to use leverage, I think if you have $1000, 5x is enough and getting too high for bitcoin, that means you can trade with $5000 which is high enough to be used for good trade and the liquidation price is still not that close to the entry price. Even for most altcoins, I have noticed that 5x is too high, especially in a volatile market which can result to frequent liquidation, 2 to 2.5x leverage is enough for the altcoins. Going for up to 25x leverage is to high and liquidation is more likely.

Not using leverage is best at spot market, but at the spot market, we can't make a profit when the market downturn. But honestly, my money is not that much Maybe the max is $400 for now. and yes I do trade altcoin as well with $400 maybe entry $10-$20 with lev is good right?

Anyway, are you sometimes to hold your futures trading for a couple of days, Swing Trader ?
legendary
Activity: 2086
Merit: 1058
March 03, 2023, 09:50:39 AM
#42
Trading leverage but not having better skills will not give you the profit you want and will hurt you because you can lose all your capital quickly. It is natural for a trader to want to get big profits in trading. But he must realize that he must have better analytical skills to find the time to trade and close his trade.

And if I have $ 1000, maybe $ 5 per day is a good profit to earn, especially if the market situation is still uncertain as it is now. And I would be so grateful to get that $ 5 instead of me trying to chase bigger profits but having to wait until a few days or even a week or more.
That 5 dollars per day is actually pretty good when you consider how quickly you could grow. If you make about 0.5% per day, that means on 100th day you would have 500 dollars more, and that's not even counting exponentially, that 0.5 will become 7.5 dollars, and in another 100 days you would have 2250, and in another 100 days that would be 3300+ dollars, as you can see even before the year runs out, even if we just restock it every 100 days, it is already 3x for you and then we have another 65 days left for the year, which would make it 4k+ and 4x profit as well.

That's what we need to consider when we are making these type of investments, small but consistent profits matter more than quick returns.
legendary
Activity: 1624
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March 03, 2023, 03:00:19 AM
#41
That is very small leverage but I think you have a good point, a high leverage means a high risk most of my trading community used x10 and max x25. But also if are you using small leverage you need a bigger capital ? How much is your trade deposit and percentage per entry?
I prefer not to use leverage at all, but if you consider to use leverage, I think if you have $1000, 5x is enough and getting too high for bitcoin, that means you can trade with $5000 which is high enough to be used for good trade and the liquidation price is still not that close to the entry price. Even for most altcoins, I have noticed that 5x is too high, especially in a volatile market which can result to frequent liquidation, 2 to 2.5x leverage is enough for the altcoins. Going for up to 25x leverage is to high and liquidation is more likely.

Wow that is really low marginal trade with huge amount of money at risk. I think this needs to be reconsidered from your end.
It is really a low margin ratio that is used, but better than high margin with low amount of money. I understand your point though, you mean I can still increase the margin ratio a little to get a better profit, going 2x margin for bitcoin is not bad though. But we should know that the more the margin ratio that we use, the more the emotion can lead us the wrong way.
full member
Activity: 1092
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March 02, 2023, 12:43:53 PM
#40
One of the mistakes traders do make which I have made in the past is to be looking for a better profit. A good example is when having $1000, looking for a way to make $100 or more daily. That would be when leveraging it will come to mind, but leveraging is one of the reasons some traders find it that they are continuing losing.

Leverage trading would be easy in the far more stable market but not in the volatile market like bitcoin or pick any other altcoin. Except stabelcoins, however it is next to impossible to take out any profits from the Stablecoins with leveraging strategy. In leverage where you can open the position higher than the amount you have placed isn't the thing of crypto trading really.

As an experienced day trader, or a scalper, if you have $1000, what profit will you be looking for? Also what amount is your stop loss? What leverage would you prefer to use?

Though I have some what average experience with this one, I would not fall for greedy trap and would consider myself OK with profits up to 20-50 dollars every day. The profits should not be taken as continuous revenue, because I will also have to consider the losses sometimes. It can not be lucky day all the time. We loose as well!

Recently I find it more profitable to earn just $5 daily either through scalping or scalp trading that is turned into day trading. I am not using altcoins for this but bitcoin.

Wow that is really low marginal trade with huge amount of money at risk. I think this needs to be reconsidered from your end.

If you are a day trader and you are using bitcoin to trade, if you have $1000, how much profit are you expecting daily? You may not use $1000, you can use percentage and I will understand what you meant too.

With intraday, I think easy 10-20 USD, considering it has heavy volatility all the time.
copper member
Activity: 2156
Merit: 983
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March 02, 2023, 10:04:59 AM
#39
Going beyond 5x for bitcoin and 2 to 3x for altcoins may be regarded as too high leverage, I have tried this in the past but only led to regret until I realized that too much leverage only lead to liquidation and losses. I have preferred not to go more than 3 to 5x for bitcoin while 2 to 3x for altcoins. While choosing altcoins for trading, I am comfortable with 2x while 3x for bitcoin.

That is very small leverage but I think you have a good point, a high leverage means a high risk most of my trading community used x10 and max x25. But also if are you using small leverage you need a bigger capital ? How much is your trade deposit and percentage per entry?
legendary
Activity: 2408
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March 02, 2023, 07:21:35 AM
#38
As an experienced day trader, or a scalper, if you have $1000, what profit will you be looking for? Also what amount is your stop loss? What leverage would you prefer to use?

Recently I find it more profitable to earn just $5 daily either through scalping or scalp trading that is turned into day trading. I am not using altcoins for this but bitcoin.

If you are a day trader and you are using bitcoin to trade, if you have $1000, how much profit are you expecting daily? You may not use $1000, you can use percentage and I will understand what you meant too.
Don't have my daily target profit but I have set my target for the whole Month since there are times that I cannot trade for a day due to some reason and by doing this, it gives me more time to analyze and more time to achieve my goal without making any pressure everyday. Its better to have your target profit for a longer period because you cannot make profit in trading everyday, there are time that you will be forced to sell at your cut loss price and you have to accept that fact. 10% profit for the whole month is ok for me, as long as I'm consistent on doing this.

Agree, setting a daily target is too much pressure for us because we won't always win, there will be days when we just know to stop loss and stop loss. The monthly goal is reasonable, and with the 10% goal being a coveted success, I'm really surprised when someone says their goal is 3%-5% per day. Honestly, trading so easily won't have many people losing money and having to find an outside job, I am also trading forex and my goal of 10% per month is a huge profit for me.
hero member
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March 02, 2023, 05:49:27 AM
#37
Trading leverage but not having better skills will not give you the profit you want and will hurt you because you can lose all your capital quickly. It is natural for a trader to want to get big profits in trading. But he must realize that he must have better analytical skills to find the time to trade and close his trade.

And if I have $ 1000, maybe $ 5 per day is a good profit to earn, especially if the market situation is still uncertain as it is now. And I would be so grateful to get that $ 5 instead of me trying to chase bigger profits but having to wait until a few days or even a week or more.
hero member
Activity: 2366
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Bitcoin = Financial freedom
March 02, 2023, 05:42:16 AM
#36
As a day trader 3 to 5% is very good returns and if you manages to continue at the 5% rate for the next 20 days then the capital will be doubled which looks too easr right but that's not the reality cause being consistent as day trading is not possible for anyone and you can lose the capital value in no time that is why stop loss can be a lofe saviour from huge loss for traders.
These numbers only looked tiny but the point in trading is that you can earn these percentages much often so if you save it all and sum it up, the outcome is still very decent. The difficulty of trading will only depend on the one that executes it.

If you are a beginner then you should also lower your expectations and there are times where you can't make that profit you assume. Stop loss is one of the popular tools being used in trading but I heard that so many experienced and professional traders are not really using this. They prefer the manual way. I think it also shows that they are hands on in trading and has a lot of time to look at the markets.
3% isn't tiny even 1% because long term traditional investors know how much returns they can get per annum which is around 7 to 10% on average but here we are talking about one day which is 365% if someone manages to achieve 1% every day but my point is its not really possible in reality and that is why day trading is risky so don't be attracted with the return rate since we also need to consider the risk-reward ratio.
sr. member
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March 02, 2023, 02:02:03 AM
#35

If you are a day trader and you are using bitcoin to trade, if you have $1000, how much profit are you expecting daily? You may not use $1000, you can use percentage and I will understand what you meant too.

Trading is a very interesting business to be in and I see trading more as fun rather than a very serious business and this has been one strategy that has helped me from trading with emotions

I trade synthetic indices using DerivGo app and it's been an amazing journey and definitely with $1000 I'm assuring a $20 effortless profit daily without having to stress the account so bad.
$1000 is a great capital to step into a trade with and I would advice you use the least volatility with a $20 stop loss and a $10 take profit will serve more profit.
Good luck
legendary
Activity: 2898
Merit: 1823
March 02, 2023, 12:32:41 AM
#34
day trading and relying only on Bitcoin will it not last long. It is better to look for high volume coins for day trading, as you need fast price fluctuations to make quick profits on day trades. Bitcoin is indeed the best option, but it is better in the long term. I prefer coins with large volumes for daily trading, scalping continuously is better. little by little profits will accumulate even if each trade is only $5 or less.
It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.


It's true that there is no way that you could make a consistent amount of profit in the long run with trading, there will always be bad days and there will be some good days. People need to learn that trading is not 2+2 equals 4, there are so many complicated things in there and you should not be expecting to make this type of money from it at all.

Those who promise you that you will make a lot of profit from it with their help and all, those are just scammers who are trying to scam people in order to make some money, if they knew how to trade and make a wealth, they would simply do that and they would have been rich, but they charge you, which is a proof that they are wrong.


They also could just be those trolls, like the trolls in the forum, who like to take advantage of newbies and plebs like us. They want us to be under their influence, and to manipulate us, making us question the truth which we already know. That's called gaslighting, and it's working very effectively in the forum, because I noticed that there are other people who have started to defend the posts of one "special" troll in BitcoinTalk.
legendary
Activity: 1624
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March 01, 2023, 11:27:45 PM
#33
day trading and relying only on Bitcoin will it not last long. It is better to look for high volume coins for day trading, as you need fast price fluctuations to make quick profits on day trades. Bitcoin is indeed the best option, but it is better in the long term. I prefer coins with large volumes for daily trading, scalping continuously is better. little by little profits will accumulate even if each trade is only $5 or less.
Bitcoin is good in long term, especially after a significant bear market, I agree with that but I do not agree that bitcoin is not good for trading, it is good for trading, even some traders consider it better than altcoins. I understand you though, you mean that altcoins with good marketcap are also still more volatile, which means it can help in making profit but the more can also be the losses, especially the highly volatile ones. What I am just saying is that bitcoin is good both for long term and short term trading.

I want the target daily to be around 10$ or 70$ per week it's pretty much more than enough. and i usually only use 10-20x leverage and a max 35x.

But what is your trade startegy
Going beyond 5x for bitcoin and 2 to 3x for altcoins may be regarded as too high leverage, I have tried this in the past but only led to regret until I realized that too much leverage only lead to liquidation and losses. I have preferred not to go more than 3 to 5x for bitcoin while 2 to 3x for altcoins. While choosing altcoins for trading, I am comfortable with 2x while 3x for bitcoin.

Day-trading, swing-trading, long-term trend trading, or even HODLing! NONE of these different trading strategies will give ANY user "daily profit"/"daily paper profit" because of the volatility and the unpredictability of the market. There will always, ALWAYS, be draw-downs in our investment portfolios.
Holding and swing trading are not meant for day profit. Scalping and day trading are the ones that can give daily profit. If I get you correctly, you mean that if someone is trading, there are bad days too? I agree with that, but it should be in a way that the good days are more.
hero member
Activity: 2688
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March 01, 2023, 03:31:39 PM
#32
As a day trader 3 to 5% is very good returns and if you manages to continue at the 5% rate for the next 20 days then the capital will be doubled which looks too easr right but that's not the reality cause being consistent as day trading is not possible for anyone and you can lose the capital value in no time that is why stop loss can be a lofe saviour from huge loss for traders.
These numbers only looked tiny but the point in trading is that you can earn these percentages much often so if you save it all and sum it up, the outcome is still very decent. The difficulty of trading will only depend on the one that executes it.

If you are a beginner then you should also lower your expectations and there are times where you can't make that profit you assume. Stop loss is one of the popular tools being used in trading but I heard that so many experienced and professional traders are not really using this. They prefer the manual way. I think it also shows that they are hands on in trading and has a lot of time to look at the markets.
hero member
Activity: 1470
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March 01, 2023, 01:28:26 PM
#31
day trading and relying only on Bitcoin will it not last long. It is better to look for high volume coins for day trading, as you need fast price fluctuations to make quick profits on day trades. Bitcoin is indeed the best option, but it is better in the long term. I prefer coins with large volumes for daily trading, scalping continuously is better. little by little profits will accumulate even if each trade is only $5 or less.
It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.
It's true that there is no way that you could make a consistent amount of profit in the long run with trading, there will always be bad days and there will be some good days. People need to learn that trading is not 2+2 equals 4, there are so many complicated things in there and you should not be expecting to make this type of money from it at all.

Those who promise you that you will make a lot of profit from it with their help and all, those are just scammers who are trying to scam people in order to make some money, if they knew how to trade and make a wealth, they would simply do that and they would have been rich, but they charge you, which is a proof that they are wrong.

No one knows where the cryptocurrency price will go tomorrow. But in any case, trading within a day, or even a week is the best way to reset your deposit. It is best to either try to determine the bottoms and tops, and accordingly buy and sell on them.
But better to HODL.
full member
Activity: 1134
Merit: 140
March 01, 2023, 11:35:16 AM
#30
day trading and relying only on Bitcoin will it not last long. It is better to look for high volume coins for day trading, as you need fast price fluctuations to make quick profits on day trades. Bitcoin is indeed the best option, but it is better in the long term. I prefer coins with large volumes for daily trading, scalping continuously is better. little by little profits will accumulate even if each trade is only $5 or less.
It will NEVER last long because of OP is undercapitalized. Plus it's laughable to make a debate about volume/liquidity, and trading strategies with the presumption that we plebs will make "daily profit" consistently everyday. I can assure each and every pleb reading the topic that, WE WON'T.
It's true that there is no way that you could make a consistent amount of profit in the long run with trading, there will always be bad days and there will be some good days. People need to learn that trading is not 2+2 equals 4, there are so many complicated things in there and you should not be expecting to make this type of money from it at all.

Those who promise you that you will make a lot of profit from it with their help and all, those are just scammers who are trying to scam people in order to make some money, if they knew how to trade and make a wealth, they would simply do that and they would have been rich, but they charge you, which is a proof that they are wrong.
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